COVID-19 - Will it change how we work?

Discussion in 'Commercial Property' started by Scott No Mates, 17th Mar, 2020.

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  1. Scott No Mates

    Scott No Mates Well-Known Member

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    With many businesses making plans to allow those in non-customer facing roles to work from home, do you either as a business owner or as an employee see the changes which are being made and implemented as a reaction to the Corona-virus becoming the norm for your place of work?

    In my personal experience, I have telecommuted fulltime to the point where the office is now only used if a formal meeting space is required (serviced office 2-3 km from home). All of the staff work remotely, we use the phone/cloud-based suite of programmes for all of our deliverables.

    The resultant outcome is that we do not need to travel to an office (saves most people 1+ hours/day), we aren't out and about, more family time however we do need to be more disciplined in the way we approach work, managing our time etc.

    This is not something which everyone can adapt to as they require the social interaction between other staff or where they require tuition/supervision/mentoring however works well in my situation.

    Do others feel that if this experiment in self-isolation works, this may result in wider ramifications for the commercial property industry with greater instances of hot-desking (non-dedicated workspaces), shared workspaced or complete working from home scenarios and a reduction in demand for office space and reduced accommodation expenses for the business?
     
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  2. Gockie

    Gockie Unicycle everywhere... except after ankle surgery Premium Member

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    I actually think yes.

    I think people who always work 5 days a week from an office will have extra flexibility like bringing it down to 3 or 4 days, and people with reasonably flexible workplaces already will be even more flexible.

    From home though, you can work really hard, or be really slack, whereas to be really slack from a workplace is harder.
    So for employees there just needs to be some sort of monitoring. Not micromanagement style, but just something to keep people accountable as what has been achieved in the day.

    Ps. We have a generous internet allowance and given the situation our provider has now made it unlimited for everybody. Good because I've been WFH for the last 2 weeks since stuffing my ankle.
     
  3. 2FAST4U

    2FAST4U Well-Known Member

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    Apart from demand for office space the commercial sector will also be impacted by decreased demand for food, hospitality and retail space. If hundreds of thousands of workers all started working from home that's thousands of coffees and meal transactions that aren't going to occur each day. Workers may still eat out or grab coffee but it will be in an area closer to their home instead of the CBD. For residential property there would also be less incentive to live as close as possible to the CBD as instead of having to travel 5 times a week it could be down to once per week.
     
  4. RPI

    RPI Property Lawyer, Town Planner Business Member

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    It's definitely about to change how a large number of:
    1. CBD eateries work (they are going under fast);
    2. Commercial Cleaners (people losing work fast - already dropping to 1 clean a week instead of multiple)
    3. Plenty others

    We have had lots of contracts terminated, business deals, leasing etc all put on hold. Impending bloodbath unless something changes quick
     
  5. Player

    Player Well-Known Member

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    Definitely agree. You're ahead of the masses.

    Aside from tools such as Zoom, skype, WhatsApp and the like, there are innovations coming with virtual meeting/collaboration rooms that are cross platform (no need for VR headsets necessarily) where people will be interacting in the room irrespective of where they are in the world. Clumsy to start with avatars, but they will get better. Definitely watch this space..........

    I have invested in an early stage education focused venture along these lines. Future will change the way some commercial real estate is purposed and may allow (to a greater degree) people to live in lifestyle areas without being close to CBD's and corporate centres. Not all vocations or businesses, but more and more will be relying on remote networking and communication.

    This is a perfect beta/pilot to see how things function even with the tools and tech we have today. Less air travel and carbon footprint may also be benefits.
     
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  6. wylie

    wylie Moderator Staff Member

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    You'd think cleaning should be ramped up with this threat.
     
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  7. RPI

    RPI Property Lawyer, Town Planner Business Member

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    No need to clean if there are no staff in the office.....
     
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  8. Jess Peletier

    Jess Peletier Mortgage Broker - Australia Wide Business Member

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    Nothing changes for us - we've worked this way since day 1. Love it.
     
  9. Omnidragon

    Omnidragon Well-Known Member

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    Short Spotless? Not listed anymore :(
     

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